1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mars1129 [50]
4 years ago
5

Pina Inc. has outstanding 10,500 shares of $10 par value common stock. On July 1, 2020, Pina reacquired 104 shares at $87 per sh

are. On September 1, Pina reissued 63 shares at $90 per share. On November 1, Pina reissued 41 shares at $83 per share.Prepare Pina’s journal entries to record these transactions using the cost method
Business
1 answer:
umka2103 [35]4 years ago
8 0

Answer:

Please see explanation

Explanation:

The following journal entries shall be recorded by the Pina Inc in its accounts for the transactions mentioned in the question:

July 1, 2020                                     Debit                  Credit

Treasury shares                               $9,048

(104*87)

Bank                                                                              $9,048

(Reacquiring of 104 shares at $87 per share)

September 1, 2020                                     Debit                  Credit

Bank                                                            $5,670

(63*90)

Treasury shares                                                                       $5,481

(63*87)      

Paid in capital                                                                           $189                

(5,670-3,567                                                                            

(Reissuing of 63 shares at $90 per share)

November 1, 2020                                     Debit                  Credit

Bank                                                            $3,403

(41*83)

Paid in capital                                             $164

(3,567-3,403)

Treasury shares                                                                       $3,567

(41*87)      

(Reissuing of 41 shares at $83 per share)

You might be interested in
Which of the following imperfect competitions in national markets can multinational firms take advantage of? a. product differen
crimeas [40]

Answer:

c

Explanation:

i feel they should take advantage of theit financial strength

6 0
3 years ago
Merchandise was returned to a supplier. The goods were previously purchased on account. The goods had not been paid for and ther
irina [24]

Answer:

Debit Accounts Payable, and Credit Purchase Returns and Allowances

Explanation:

The adjusting entry is shown below:

Account Payable A/c Dr

       To Purchase Returns and Allowances

(Being return of goods is recorded)

Since the goods are purchased on credit, and due to some issues the goods are returned So, the account payable account should be debited and the purchase return and allowances should be credited.

5 0
3 years ago
A manager states that her process is really working well. out of 1,500 parts, 1,477 were produced free of a particular defect an
yaroslaw [1]
Six sigma is a philosophy and set of methods companies use to eliminate defects in their products and processes<span>. It also seeks to reduce variation in the processes that lead to product defects. It measures quality, process for Continuous Improvement and enabler for culture change so culturally six sigma means companies must learn how to be nearly flawless in executing key processes and achieving business imperatives. Quantitatively six sigma means the average process generates no more than 3.4 defects per million. Therefore, based on the figures given above the defects per million opportunities (DPMO) is 15, 333 and the defective rate us 1.533% and the passed rate is 98.467%.</span>

 

 

 

 





8 0
3 years ago
Is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technolog
11111nata11111 [884]

Outsourcing is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technology, and marketing can be moved outside the firm.

   The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy.

   The outside business, often referred to as the network operator or third-party provider, makes arrangements for its own personnel or technological resources to carry out the duties or offer the services either on-site at the premises of the hiring business or at other places.

To learn more about outsourcing click here:

brainly.com/question/14202035

#SPJ4

5 0
1 year ago
Which feature is a characteristic of secure access? select one: accounting deception environment simulation compliance
Arte-miy333 [17]

Compliance is a feature of secure access.

<h3>What is secure access?</h3>

This is the term that is used in cyber security to mean the bringing together of secure cloud security into the cloud services.

It works by enabling both security and network together as a service that can be rendered via cloud. What this helps to do is to ensure the safety and the security of the services.

Read more on security of computer systems here:

brainly.com/question/25720881

#SPJ1

5 0
2 years ago
Other questions:
  • Idle time gaming, inc., has established clear standards of performance for its latest video game that will involve physical chal
    14·1 answer
  • The Company uses a periodic inventory system. For specific identification, ending inventory consists of 215 units, where 190 are
    6·1 answer
  • You discover that credit information on you is inaccurate. which principle does this violate?
    5·2 answers
  • Norton Corporation received cash from issuing 10-year $200,000 bonds at face value. Interest of $10,000 is paid annually to the
    6·1 answer
  • Grace got a loan of $500 from her bank, and she had to repay it with $550. Which term describes the extra money Grace had to pay
    7·1 answer
  • A price imposed by the government below an equilibrium price is called a ____
    15·1 answer
  • Following are the merchandising transactions for Dollar Store:Nov. 1 Dollar Store purchases merchandise for $1,500 on terms of 2
    7·1 answer
  • Hello, please help me with this paper, I understand it's long and requires a lot of work, but all the help is appreciated! Thank
    15·1 answer
  • Why does compound interest earn you a higher annual percentage yield
    9·1 answer
  • 1. What are the different account titles used in balance sheet account under current assets?​
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!